Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Cooperative Agencies Can Increase Bottom Line
Mar 24 2003 // Whether you are trying to access major carriers’ markets for hard-to-place risks, find a way to brand your agency, or tap into the expertise of other veteran agents, a cooperative may be the way to go. Clusters,...
Agency Cooperatives Can Boost Bottom Line
Mar 24 2003 // Whether you are trying to access major carriers’ markets for hard-to-place risks, find a way to brand your agency, or tap into the expertise of other veteran agents, a cooperative may be the way to go. Clusters,...
Industry Faces Reality of War in Iraq
Mar 20 2003 // As war began last night with U.S. air attacks on selected targets in Baghdad, that apparently just missed Saddam Hussein, the insurance industry nervously prepared for the global fallout. Commercial insurers warned their...
N.J. Senate Commerce Committee Unanimously Passes Auto Reform Bill
Mar 19 2003 // All that lobbying and demonstrating has apparently begun to pay off for New Jersey’s insurance community (See IJ Website Mar.18), as the state’s Senate Commerce Committee unanimously passed an amended version...
Lloyd’s Chairman Calls for Change in Paperwork Processing
Mar 17 2003 // Lloyd’s Chairman, Lord Peter Levene, called upon underwriters and brokers to move away from the paper-bound system that has barely changed for decades and embrace the technology of the 21st century. He made clear...
NAII Notes Positive Modifications in VA 2003 Insurance Legislation
Mar 17 2003 // “Virginia’s 2003 legislative session ended with the softening of many bills that could have made it much more difficult for insurance companies to conduct business in the state,” said an announcement from...
Insurance Bureau of Canada Says Industry Reached a “New Low” in 2002
Mar 12 2003 // Borrowing a phrase from Britain’s Queen Elizabeth the Insurance Bureau of Canada labeled the year 2002 an “Anni horribiles” as it reported that the financial results for the country’s P/C insurers...
Munich Re Issues 2002 Natural Catastrophe Study; L.A., S.F. are High Risk
Mar 11 2003 // Munich Re has issued a new survey report – “topics Natural Catastrophes 2002.” The study found that “storms and floods have an even greater impact on insurers’ claims burdens than in the year...
Managing the Marketing and Sales Effort in the Hard Market
Mar 10 2003 // In a new series in Insurance Journal, we’ll have industry experts talk about the best ways to manage today’s agencies. In this article, Jack Fries speaks on managing the marketing and sales effort in the hard...
Insurance Still on the Table at the 78th Texas Legislature
Mar 10 2003 // As promised, the 78th Texas Legislature is on a roll with insurance reform, with one bill having been signed into law and many more in committees or on their way to the House and Senate floors. Among the proposed...
Managing Marketing and Sales Efforts in the Hard Market
Mar 10 2003 // In a new series in Insurance Journal, we’ll have industry experts talk about the best ways to manage today’s agencies. In this article, Jack Fries speaks on managing the marketing and sales effort in the hard...
Mo. Young Agent Awarded IIABA Scholarship
Mar 7 2003 // Kevin B. Hutchinson, CIC, CRM , a producer with C. J. Thomas Company in St. Louis, is the inaugural recipient of the Maurice Herndon scholarship established by the Independent Insurance Agents & Brokers of America...
Two Bills Up for Hearing in N.H. House Commerce
Mar 4 2003 // Two significant insurance-related bills are up for hearing this week in the New Hampshire House Commerce Committee. “These two bills couldn’t be more contradictory,” Gerald Zimmerman, senior counsel for...
Coalition Says N.J. Drivers Have Fewer Choices
Feb 27 2003 // New Jersey’s insurance crisis reportedly took yet another turn for the worse Wednesday when the New Jersey Department of Banking and Insurance allowed New Jersey Manufacturers Insurance Group, the state’s...
Oxendine Expresses Concerns About Ga. Insurance Market
Feb 27 2003 // Georgia Insurance Commissioner John Oxendine recently spoke out on the need for judicial reform as a way to encourage insurers to compete for business in the state. According to the National Association of Independent...
Calif. Commissioner Targets Ailing Workers’ Comp System
Feb 27 2003 // Based on recommendations from two stakeholder advisory panels, Calif. Insurance Commissioner John Garamendi is proposing immediate action in seven areas to restructure California’s ailing workers’ compensation...
Industry Looks to Meet Challenge of Modernization
Feb 24 2003 // Insurance industry leaders are clamoring for information technology (IT) modernization but are inhibited by budget constraints, a recent survey conducted by Sapiens International revealed. Sapiens, a provider of business...
AIG Shocks Industry with $1.8 Billion After-Tax Reserve Strengthening
Feb 24 2003 // Neither the insurance industry nor the stock market was prepared for the announcement made by American International Group on Feb. 3, that it would “incur a net, after tax charge of $1.8 billion in the fourth quarter...
Texas Versus New Jersey
Feb 24 2003 // Is Texas the next New Jersey? That was one of the many questions posed about the state by Robert Hartwig, chief economist for the Insurance Information Institute, at the 40th Annual Joe Vincent Management Seminar held by...
Med Mal Fever: When Doctors Walk Out, Politicians Notice
Feb 24 2003 // They’re baaack. High-flying medical malpractice liability claims losses, that is. The availability crisis of the 1970s and the affordability crisis of the 1980s may be nothing compared to the crisis insurers and...
